Tag Archive for "employee theft" - Leaders' Choice Insurance

Businesses Suffer as Employee Theft Grows

Posted on: October 22nd, 2024 by Leaders' Choice Staff No Comments

Organizations around the world lose an estimated 5% of their annual revenues to occupational fraud, according to a survey by the Association of Certified Fraud Examiners (ACFE). The association estimates that U.S. businesses lose some $50 billion a year to employee theft, and that 75% of employees have stolen at least once from their employer […]

Employees Responsible for 85% of Trade Secret Theft

Posted on: December 1st, 2021 by Leaders' Choice Staff No Comments

Trade secret theft by employees is a serious and growing problem in the U.S. According to an analysis of federal court cases, 85% of such theft is committed by employees or business partners. Lately, companies have been focusing on high value, high-tech cyber attacks by outsiders that breach databases, but threats from the inside are […]